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What is the full form of PAN?
PAN Full Form is Permanent Account Number. The Pan Card is a unique identification number issued to all Indian citizens and permanent residents. The Pan Card is used to track financial transactions and ensure that taxes are paid correctly. The Pan Card is also used as a form of identification.
PAN Card format
The Pan card has the following structure:
- Name of cardholder
- Date of birth
- Gender
- Father’s name
- Mother’s name
- Address
- PAN number
The PAN number is a unique 10-digit alphanumeric number assigned to all tax-paying entities in India.
Also Check: Full Form Lists
Various types of PAN
The various types of PAN cards are given below-
- Individual
- Trust
- HUF – Hindu Undivided Family
- Company or Corporation
- Artificial Judicial Person
- Minor
- Society
- AOP – Association of person
- Firm or Limited Liability Partnerships
How to Apply for a Pan Card?
- You can apply for a Pan Card online or visit a PAN card office.
- To apply online, you must provide your name, address, date of birth, and other personal information.
- To apply in person, you will need to provide your name, address, date of birth, photograph, and other personal information.
How to Obtain a Pan Card
- Applying for a PAN card is a simple process that can be completed online.
- To apply for a PAN card, visit the Income Tax Department of India website and click on the “Register Yourself” tab.
- Next, click on the “PAN Card” link and then click on the “Online Application” tab.
- Complete the online application form and click on the “Submit” button.
- You will then need to pay the application fee and have your photograph and signature scanned and uploaded.
- Once your application is approved, you will receive your PAN card.
Documents Required for Pan Card
The list of documents proof is required for Pan Card is as follows-
- Identity
- Address
- Date of Birth
- Income
- Tax Paid
Importance of PAN Card
- A PAN number is essential for proving identity and filing income tax returns.
- It is required for banking purposes like opening an account, getting a loan, or a credit card.
- For property transactions exceeding five lakh, a PAN is mandatory.
- A PAN number is necessary for buying or selling automobiles, among other transactions.
PAN Full Form FAQs
What is PAN number in India?
Permanent Account Number (PAN) is used to identify taxpayers in India. It is a 10-digit alphanumeric number assigned to Indian taxpayers, primarily those who pay taxes.
What is PAN full form in chemistry?
PAN Full form is Peroxyacetyl nitrate, or PAN, is an oxidant that is more stable than ozone.
How can I know my PAN number?
Step 1: Download the PAN Card mobile app on your phone. Step 2: Open the app and tap on 'Know your PAN details' at the bottom of the home page. Step 3: Enter the required details, including your mobile number. Step 4: Receive a One Time Password (OTP) on your mobile number.
Is a pan card important?
Yes, a pan card is important as it is required to file income tax returns.
Can a minor apply for a pan card?
Yes, a minor can apply for a pan card. A minor is any person who has not attained the age of eighteen years.
What is the cost of obtaining a new pan card?
The cost of obtaining a new pan card is Rs. 110.
